The Daily Dish

Yesterday, former Secretary of State and current presidential hopeful Hillary Clinton released her proposals for “Wall Street reform.” Candidate Clinton has long experience with Wall Street, is receiving plenty of campaign backing, from the financial services types, and has a knowledgable policy staff loaded with Washington insiders and expertise. However, she has a real political problem: the distrust of the progressive faction. Following the timeless advice of Warren Zevon, she’s calling for lawyers, guns and money to solve her problem.

The Department of Energy: Under-the-Radar, Overly Burdensome

Since 2007, DOE has finalized rules with $8.2 billion in annualized regulatory costs, with a net present value impact exceeding $158 billion. The burdens are often justified by the agency since the purported benefits are said to exceed the costs. Yet, there have been few retrospective reviews analyzing whether the benefits of the energy savings exceed the costs to the manufacturer, and eventually, the higher prices to the consumer.

The Cost of Paid Family Leave Law

The Washington D.C. Council recently introduced legislation to provide workers with up to 16 weeks of paid family leave. Hailed by some, it may serve as a model for national paid leave. But if the D.C. proposal were implemented nationwide, the costs and deficits would be immense. AAF analysis found it would cost between $306.6 billion and $1.9 trillion per year to provide 16 weeks of paid family leave nationwide. For each worker who takes 16 weeks paid leave, it would cost the government on average $12,900. Perversely, the higher income the worker, the larger the benefit received; 56.7 percent of benefits from the policy would go to workers who individually earn over $1,000 per week or $52,000 per year.

The Broad Implications of the Newly Invalid US-EU Data Pact

Exposure to lawsuits from data breaches and other failures to protect privacy are part and parcel of digital commerce. For global companies, the exposure of lawsuits in multiple jurisdictions with differing standards is a potential impediment to the free-flow of data and effective global competition. Unfortunately, the European Court of Justice (ECJ), the highest European court, has thrown a wrench in the system by invalidating the “Safe Harbor Provision,” which granted free flow of information between the U.S. and the Europe.

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